Gokaldas Exports, Apex Frozen rally up to 14% on renewed hopes for India-US trade deal

Textile Stocks Today: Shares of export-focused shrimp feed and textile companies surged in early trade on Wednesday after former US President Donald Trump announced that the United States and India are set to resume trade negotiations aimed at resolving long-standing tariff frictions.

In a post on Truth Social, Trump wrote:

“I am pleased to announce that India and the United States of America are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister Narendra Modi, in the upcoming weeks.”

This announcement appears to have lifted investor sentiment around export-oriented sectors that were previously hit hard by increased tariffs. Earlier this year, Trump’s administration had raised import duties on certain Indian goods to 50 per cent, citing New Delhi’s ongoing oil trade with Russia. The move had sent several stocks in the shrimp feed and textile segments sharply lower.

Adding to the momentum, the US Supreme Court has agreed to hear a challenge on the legality of Trump’s global tariff regime — a case that could have broad implications for Indian exporters if the court rules against the tariffs.

Textile Stocks Movement:

Apex Frozen Foods surged nearly 14 per cent to Rs 251

Avanti Feeds jumped over 9 per cent

Coastal Corporation gained more than 5 per cent

In the textile segment:

Gokaldas Exports climbed nearly 7 per cent

KPR Mill rose around 3 per cent

Welspun Living surged over 7 per cent

Raymond Lifestyle advanced close to 2 per cent

Arvind Ltd was up over 4 per cent